TT INTERNATIONAL LIMITED

Company Registration Number 198403771D (Incorporated in Singapore)

Press Release TT Intl Announces Big Box Investment

SGX-Listed TT International Announces Proposed Investment Of At Least S$200M By Lucrum Capital In Landmark Big Box Retail Project in Singapores West
SINGAPORE, 4 January, 2012 SGX-listed TT International Limited (TT International) announced today that it has entered into a heads of agreement with private equity real estate firm Lucrum Capital (Lucrum) which will undertake to commit at least S$200 million as funds to complete an iconic mega warehouse retail project in Jurong, Singapore. TT International has commenced exclusive discussions with Lucrums wholly-owned subsidiary Lucrum Development (Singapore) Lte Ltd (LD) in relation to Lucrums proposed investment in the Big Box project an eight-storey warehouse retail store with gross floor area of approximately 1.3 million square feet to be built on a 5.6 hectare plot of land (the Land) located at Jurong East St. 11 next to the Jurong East MRT station. The Big Box, upon completion targeted for the end of 2013, will be the last and largest of four warehouse retail projects approved by Singapores Economic Development Board (EDB) under the Warehouse Retail Scheme, the other three being outlets for IKEA, Courts and Giant in the Eastern region of Singapore. Under the heads of agreement, TT International's interest in the Land will be injected into its wholly-owned subsidiary Big Box Pte Ltd ("Big Box SPV"), for which LD will be given the option to acquire up to a maximum of 49% shareholding in the Big Box SPV, in the form of ordinary shares and preference shares. TT International will hold the remainder of not less than 51% of the shares of each class in Big Box SPV on a pro rata basis. TT International has to date invested S$95 million in the Big Box project, including acquiring the Land from Jurong Town Corporation and undertaking some foundation work on the Land. Construction work halted during the 2008-2009 global financial crisis as TT International underwent a financial restructuring under a Scheme of Arrangement approved by the Singapore Court of Appeal which was effective from 19 April 2010. Big Box is a major development which will have significant impact on the retail scene in Singapores Western region, and will also be highly important for the restructuring and eventual transformation of TT International into a sizeable retail player, said TT Internationals Executive Director Ms. Julia Tong.

TT INTERNATIONAL LIMITED
Company Registration Number 198403771D (Incorporated in Singapore)

As part of our efforts to deliver shareholder value, TT International intends to develop Big Box successfully in Singapore and then export this homegrown warehouse retail concept to countries in the region, she said. Mr David Batchelor, director of Lucrum Capital, said: The Big Box project meets with Lucrum Capitals long-term objectives and we believe in the impending growth potential of Jurong Gateway as Singapores largest regional centre. Coupled with the synergy of Lucrum Capitals and TT Internationals expertise, we believe Big Box has the potential of becoming a very successful development. Both parties target to sign definite agreements in relation to LD's proposed investment in the Big Box project by 15 January 2012. The proposed investment is subject to approvals from the relevant authorities, scheme creditors and shareholders of TT International. TT International has written to the EDB to seek the necessary approvals for the proposed investment by LD and for an extension of time to complete the Big Box project. Upon completion, Big Box is expected to contribute positively to the financial performance of TT International.

##END## Background of TT International TT International is an Asian MNC with strong expertise in penetrating into emerging markets worldwide. Established in 1984, and listed on the SGX in June 2000, its core businesses are:
Sourcing, trading and distribution of branded electrical and electronics products; Marketing, sale and brand management of its AKIRA brand of consumer electronics products; and Large Scale Retail of consumer products Headquartered in Singapore, and with its regional offices around the world, it is one of Singapores leading international traders of electrical and electronics products. For the past 27 years, the Group has established strong business relationships with more than 100 suppliers and has successfully and profitably provided customized, valued-added services to meet its customers needs in more than 60 countries worldwide.

TT Internationals AKIRA brand of consumer electronics products that includes a full range of audio-visual products, household products and home appliances, has market coverage of some 60 countries worldwide. The Group is fully committed in providing total supply chain management services to its customers. Its aim is to strengthen its global reach and it will continue to position its business activities to

TT INTERNATIONAL LIMITED
Company Registration Number 198403771D (Incorporated in Singapore)

remain focused on its mission of making the world its market. TT International, under the Electronic Solution brand name, owns and operates 30 consumer electronics retail stories in Indonesia with a combined retail area of close to 500,000 square feet. More information can be found at: http://www.tt-intl.com and http://www.myakira.com. About Lucrum Capital Lucrum Capital is a private equity investment firm that focuses exclusively in real estate investments, mainly within the Asia Pacific region. Headquartered in Singapore, Lucrum Capital operates as an Exempt Investment Manager under the Securities and Futures (Licensing and Conduct of Business) Regulations of Singapore. Lucrum Capital was recently awarded The Private Equity Dealmaker Team at the 2011 Asia Pacific M&A Atlas Award Ceremony held in Hong Kong, China, alongside other excellent firms such as Citigroup, Mahindra & Mahindra, Jones Lang LaSalle, and Apax Partners. The Asia Pacific Atlas M&A Awards recognises and honours outstanding deals, dealmakers, firms, professionals and leaders from the investing communities in the Asia Pacific region, where winners are judged by the principles of authenticity, objectivity and excellence in performance.
For more information please contact: TT International Limited Ms. Julia Tong, Executive Director 47, Sungei Kadut Avenue Singapore 729670 Tel: +65 67930110 Email: julia@tt-intl.com Media Contact: WeR1 Consultants Pte Ltd Tel: +65 67374844

Ms Sally Zhang sallyzhang@wer1.net (+65 93371205) Mr Lai Kwok Kin laikkin@wer1.net (+65 98192153)